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A new phenomenon that has increasingly gained traction lately is the notion of including crypto in retirement plans and allowing individuals to get exposure to cryptocurrencies like Bitcoin and Ethereum as they work towards early retirement. This uptake in interest can be highlighted by an Investopedia survey in 2022, which showed that a third of investors under age 55 would have a significant focus on crypto during retirement.

The cryptocurrency market is abuzz with activity as investors navigate through a series of ups and downs. Amidst the volatility, various developments have emerged, shaping the trajectory of digital assets. FTX to Auction Remaining SOL Tokens FTX, a bankrupt cryptocurrency exchange, has opted to auction off its remaining Solana (SOL) tokens rather than pursue direct sales.

Ripple, the blockchain company behind XRP, has contested the Securities and Exchange Commission's (SEC) request for a hefty $2 billion penalty. In a recent filing, Ripple argued that the proposed fine is excessively punitive and disproportionate to the alleged violations. Instead, Ripple proposed a much lower penalty of $10 million, emphasising that this amount is more in line with the nature of the alleged violations and the company's actual conduct.

As the crypto market continues to gain further momentum and interest in 2024, more and more investors are looking to crypto-financial advisors to help them navigate this complex market, and will often pay handsomely for their help. So, with digital currencies like Bitcoin and Ethereum now firmly embedded in mainstream finance, expert guidance is becoming increasingly sought after, and this has opened up a whole new subsection within the financial services industry; and a lucrative one at that.

Tether Expands Beyond Stablecoins Tether, the pioneering force behind the world's largest stablecoin, USDT, has announced a significant restructuring to accommodate its expanding presence within the digital asset landscape. With a mission extending beyond stablecoins, the company has reorganised into four distinct divisions: Data, Finance, Power, and Education.

Shiba Inu (SHIB), has experienced a surge in transaction volume on its layer-2 blockchain, Shibarium. Recent data reveals an unprecedented increase, nearing the one million transaction mark within a 24-hour period. This remarkable spike, amounting to a 229% surge, underscores growing interest in Shiba Inu's ecosystem, particularly in its decentralised transaction capabilities.

For many financial professionals, navigating through an ever-evolving asset management industry can be a challenging task; especially given ever-evolving market conditions, and the constant demand for efficient and transparent services. This is where Turnkey Asset Management Platforms (TAMPs) can make a real difference, as they offer a powerful and streamlined solution that can help financial advisors manage and grow their client portfolios.

UNI Holder Crushed as Market Downturn and SEC Action Amplify Sell-Off The recent crypto market downturn hit UNI holders hard. The United States SEC's impending action against Uniswap Labs exacerbated the situation, triggering panic selling by major UNI holders. Three whales collectively dumped over $20 million worth of UNI, amplifying the price slide.

Cardano (ADA) experienced a slight downturn, slipping by 4% as the broader market also saw a slight decline. This decline led ADA to drop out of the top 10 crypto rankings, with its former position now occupied by Toncoin due to rumours of a Tether partnership.